Ascent Wealth Partners LLC Has $8.39 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Ascent Wealth Partners LLC trimmed its holdings in NVIDIA Co. (NASDAQ:NVDA) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,473 shares of the computer hardware maker’s stock after selling 1,284 shares during the period. NVIDIA comprises about 1.1% of Ascent Wealth Partners LLC’s investment portfolio, making the stock its 28th largest holding. Ascent Wealth Partners LLC’s holdings in NVIDIA were worth $8,390,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA in the fourth quarter valued at about $34,000. Luken Investment Analytics LLC bought a new stake in NVIDIA in the 4th quarter valued at approximately $40,000. DHJJ Financial Advisors Ltd. boosted its position in NVIDIA by 70.0% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock worth $41,000 after acquiring an additional 140 shares during the last quarter. Lowe Wealth Advisors LLC acquired a new position in NVIDIA during the 4th quarter worth approximately $46,000. Finally, 1620 Investment Advisors Inc. raised its holdings in shares of NVIDIA by 145.9% in the third quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker’s stock valued at $51,000 after purchasing an additional 248 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on NVDA shares. Barclays increased their target price on shares of NVIDIA from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. HSBC decreased their price objective on NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a report on Monday, January 13th. William Blair reiterated an “outperform” rating on shares of NVIDIA in a report on Thursday, March 20th. DZ Bank upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $220.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Four research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and an average price target of $171.51.

Insider Buying and Selling at NVIDIA

In other news, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the sale, the executive vice president now directly owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at $360,509,924.95. This trade represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 183,609 shares of company stock valued at $22,642,615. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Stock Down 1.6 %

Shares of NASDAQ NVDA opened at $109.67 on Friday. The stock has a market capitalization of $2.68 trillion, a P/E ratio of 43.16, a PEG ratio of 1.76 and a beta of 1.77. The stock’s fifty day moving average is $125.01 and its 200 day moving average is $131.50. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $195.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. Sell-side analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s payout ratio is presently 1.36%.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.